Deutsche Bank: The "DEUTSCHE BROS"

Deutsche Bank: The "DEUTSCHE BROS" by Simon Jacques

Something is wrong in Deutschland, namely Deutsche Bank¸AG. In 2015, DB has received fines for the manipulation of the Libor, money laundering and for the inadequacy of its information and compliance systems.

Regulators squarely blamed DB senior staff for misleading them, failing to be open and cooperative, and prolonging the investigation.

It is no coincidence that the procedures in all cases were brought by the U.S and UK authorities, and not the EU regulators, which were drawn into the investigation in retrospect.

Now what to do with John Cryan, CEO of DB, shakily telling its staff to spread the message that the bank is "rock solid" and assuring that the Bank has liquidity and...